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but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the republicans. if the government shuts down,
but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax...
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ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. so there's a very simple solution to this. congress authorizes us to pay our bills. if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell had a proposal like that last year, and i'm happy to accept it, but if they want to keep this responsibility, then they need to go ahead and get it done. the
ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether...
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bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pa
bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight...
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this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. premiums will lik
this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real...
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of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the thing
of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts,...
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and they will have to debate the issue in the next few months when the debt ceiling has to be raised again. so even if they work out the government shutdown issue, this so-called continuing resolution, they have other issues down the road. so right now, just to be precise, the forced spending cuts will go into effect at midnight tonight. and then we'll see what happens basically. there is nothing congress will do. they're all on recess until next monday and tuesday. >> right. they're gone. there is nothing that can be done. at this point right now we'll wait for the president to sign the order that he must sign to start the ball rolling for these forced cuts to go into effect. but we just heard for a while from the president. let's listen to what the house speaker did say to reporters coming out of the meeting thorn. >> the american people know washington has a spending problem. and while there are smarter ways to cut spending than the process that we're about to engage on, the house shouldn't have to pass a third bhil before till before does anything. the house has laid out a plan t
and they will have to debate the issue in the next few months when the debt ceiling has to be raised again. so even if they work out the government shutdown issue, this so-called continuing resolution, they have other issues down the road. so right now, just to be precise, the forced spending cuts will go into effect at midnight tonight. and then we'll see what happens basically. there is nothing congress will do. they're all on recess until next monday and tuesday. >> right. they're...
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resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration, first administration, namely the republican house. he set up the fiscal cliff negotiations deliberately to split the republicans in the house, knowing that if he did, it would neuter the opposition and he would have the kind of dominance of washington, which he had in the first two years before he lost the house in the mid term elections. so, i have no doubt that that's how he used the fiscal cliff. that's how he's going to use the issue of immigration and that's how he's going to approach the debt ceiling and other issues and it's his object
resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration,...
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, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i think they don't consider the optics useful for them politically. >> ah-ha. you can't get your picture taken with the president. that's not good. boehner has turned down invitations to five state dinners in a row. mitch mcconnell and three other republican senators turned down an invitation just to watch the movie "lincoln" over at the white house. it might have embarrassed them a little bit. these snubs are nothing new from republicans. it's dangerous politically for republicans to be seen at the white house. and there is always a tea party candidate close by, waiting to primary anybody who works wit
, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i...
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of late, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues of significant magnitude that need to have a full public vetting. the american people need tock engaged in the process. we need hearing on the matter ogun control, specifically. and we really need to talk about mental health and how we as a society are not embracing people with mental health issues. that's a bigger conversation, i know, neil. >> neil: thank you for indulging all of this breaking news and being on top of it. we told you about the mulvaney amendment, matching dollar for dollar, any aide they are getting in like-minded cuts from discretionary spending. that was defeated, as expected on the
of late, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues...
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debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks ago today. the treasury department is giving us a few weeks of maneuvering room before we begin to default. and yet you have people like the heritage foundation saying today, default is not at issue. how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all
debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks...
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we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a struggle speaking to a whole segment of the population about our principles of limited government and free enterprise if they think we don't want them here, alluding to those who might benefit from the d.r.e.a.m. act. so republicans have their own pr campaign to conduct with latinos on immigration reform, but how is the president going to combat republicans who want to see a more piece meal approach as we move forward here? >> reporter: i think we've seen the way the president has handled other recent challenges from his republican opposition when you consider just the fiscal cliff hanger as it were with campa
we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a...
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same issues we've seen in the fiscal cliff and the debt ceiling. >> neil: thank you very much. >> thank you, neil. >> neil: do you remember what happened when some government dimwits banned light bulbs? >> a new shipment of soft whites. >> anything bigger? >> megabulbs. >> clear ones? >> now say it ain't soda. >> i need a fix. >> i got the last bottle on the east coast. >> how much? >> 50 bucks. >> 50 bucks? that's all. >> i have a guy in cleveland who will give me 75. >> okay, take it. take it. dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. moe most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just as fast. oh. and verizon's got more fast lte coverage than all other networks combined. oh, why didn't you just say that? huh-- what is he doing? there's nothing like our grilled lobster and lobster tacos. the bar harbor bake is really worth trying. [ male announcer ] get more during red lobster's lobsterfest. with the year's largest
same issues we've seen in the fiscal cliff and the debt ceiling. >> neil: thank you very much. >> thank you, neil. >> neil: do you remember what happened when some government dimwits banned light bulbs? >> a new shipment of soft whites. >> anything bigger? >> megabulbs. >> clear ones? >> now say it ain't soda. >> i need a fix. >> i got the last bottle on the east coast. >> how much? >> 50 bucks. >> 50 bucks? that's...
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ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" w
ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love,...
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, just like the debt ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house or the senate voted for a bill that mr. lew was the architect of. i don't think that speaks well for a man who would take on the position of treasury secretary. >> greta: president obama says he facilitates deal, citing president reagan and speaker o'neill on social security and president clinton and a republican congress on the issue of a budget deal. i am curious whether you agree that he has brought the two sides together. if so, where has that been in the last go-round, the last 18 months? >> the last fiscal cliff deal, he -- his chief of staff at
, just like the debt ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house...
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once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why s
once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david...
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they want to deal with the debt ceiling. they want to get those issues done. i think that i -- i do think that they will find a way to avoid the government shutdown. >> rick: richard, do you agree, that the republicans now have the upper hand in these battles? what do you think about the likelihood or not of a shutdown? >> i would tell awe couple months ago i actually thought a government shutdown was at least as likely as not. i tend o agree it's not. i think both parties are coming at this for different reasons. the republicans still have vivid memories that they did not kind of profit from the government shut it is down under speaker gingrich. this was not something that the public very much thought was a good course of action and they blame the republicans for it politically. i think president obama, on the other hand, doesn't want to be saddled with all the fighting around the government shutdown and frankly, all the economic uncertainty when he's trying to get immigration reform done, addressing gun violence and other priorities. so for him, he'll put up
they want to deal with the debt ceiling. they want to get those issues done. i think that i -- i do think that they will find a way to avoid the government shutdown. >> rick: richard, do you agree, that the republicans now have the upper hand in these battles? what do you think about the likelihood or not of a shutdown? >> i would tell awe couple months ago i actually thought a government shutdown was at least as likely as not. i tend o agree it's not. i think both parties are...
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problem, debt ceiling issue by coining a trillion dollar platinum coin, which is-- >> i kind of like that one. >> yeah, that's what-- i just, i did a little research before coming on with you, megyn to see what's the value -- what kind of real value would have a platinum coin have and the government did for a period of time mint some platinum coins including a one ounce coin that sold for about $1800. if a one ounce coin is worth $1800, the united states doesn't have a trillion dollar worth of platinum to convert into a giant coin, it would have to take a coin worth less than $2,000 and what, sprinkle fairy dust on it and say this is a trillion dollar coin and then try to deposit it with the fed and try to borrow against it, that would be the idea. >> megyn: no more ridiculous than some of the other things we've seen out of the beltway. >> no more ridiculous than some things, but in the end i think these ideas are basically nutty. >> megyn: this whole thing is an argument over that we've seen before between the president and house republicans, are we going to do anything about spendi
problem, debt ceiling issue by coining a trillion dollar platinum coin, which is-- >> i kind of like that one. >> yeah, that's what-- i just, i did a little research before coming on with you, megyn to see what's the value -- what kind of real value would have a platinum coin have and the government did for a period of time mint some platinum coins including a one ounce coin that sold for about $1800. if a one ounce coin is worth $1800, the united states doesn't have a trillion...
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taking place, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature, drill down into budgets, find ways to more effectively deliver for people. so that is absolutely what i'm committed to doing. you know, in my position, in addition to working on the task force on gun violence in the house, i'm also on transportation and infrastructure. and science. and those are two great persons to look for how we lay the foundation for economic growth, for jobs in our communities. and that is going to have to be key part of this battle. >> okay. elizabeth esty, democrat from connecticut
taking place, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an...
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the president has too deal with the debt ceiling. he wants to pass major immigration reform. >> absolutely. >> chris: do something about climate change. has he told you how much political capital he is willing to spend on what is going to be a very tough fight? >> i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him and h his leadership because he really was a voice for the parents who lost a child. >> chris: has he told you how much -- >> and i see from his actions and we hear from the white house and we hear from the vice president that they are going to lay down political capital on the issue and i think the one thing i would say to those people like larry and others who said we can't do anything about these issues is that whether it comes from the background checks or dealing with high capacity magazines which was the issue in newtown we can take action and to say that we should do nothing really doesn't respond to those parents in newtown who lost children in thi
the president has too deal with the debt ceiling. he wants to pass major immigration reform. >> absolutely. >> chris: do something about climate change. has he told you how much political capital he is willing to spend on what is going to be a very tough fight? >> i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him and h his leadership because he really was a voice for the parents who lost a child. >>...
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so, there's a very simple solution to this -- congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'll happily take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan...
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let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter and we're in a technical recession as well. one more quarter of negative. let's talk about this for a little bit. so, what we really need is growth to come back into the economy. for me, ronald reagan, margaret thatcher, said let people keep more of their own money and then people invest in their businesses or invest in themselves go out to dinner, a movie. thatthat's economic growth. >> you're absolutely correct. and look, the numbers are clear. if we were growing at three to four, five%, which is not out of the realm of possibility, happened under ronald reagan -- we could grow our way out of t
let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter...
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on the debt ceiling issue it is dramatically different. and on top of that you also have two other issues where these two sides will be going head to head. again, the issue of sequester. and obviously, the continuing resolution, basically the way the government is paid for going forward. so we've got a busy couple months ahead of us. >> we do. hey, peter, we have to take note that we're going to see you in a little more dressed down, little more casual sigde of you at the bottom of the hour for office politics. for anyone who wants to see what goes on behind the scenes with you, tune in. are you nervous? >> i think i have a pretty good sense how this is going to go. i was more nervous when you came here-p but i know you took good care of me. it will be all right. >> it will. it will be interesting for folks who stick around. thanks, peter. >> thanks, alex. >> carol lee and associate politics editor for roll call david drucker. welcome to both of you. >> good morning. >> carol, i'll speak with you first. as the president says, he's not goin
on the debt ceiling issue it is dramatically different. and on top of that you also have two other issues where these two sides will be going head to head. again, the issue of sequester. and obviously, the continuing resolution, basically the way the government is paid for going forward. so we've got a busy couple months ahead of us. >> we do. hey, peter, we have to take note that we're going to see you in a little more dressed down, little more casual sigde of you at the bottom of the...
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first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the republicans said they'd vote on. infrastructure investment and in our states, hire more firemen police and teachers, give tax breaks to companies in order to encourage them to hiring. and tax breaks to americans, to american companies to bring jobs. >> jamie: you're not-- julie, what you're not mentioning is-- >> angela, some of those things sound like they might be helpful. >> yeah, some of those things could be helpful, but the president did have a jobs plan that before the senate and some democrats voted it down. the bottom line, is this, julie, the president has a bully pulpit and doesn't want to talk about hi
first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the...
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how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaura
how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you,...
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this nomination hearing is going to be the floor about that particular issue just like the debt ceiling. >> well, i think it can be and i think the reason they never brought up a budget is because the democrats would have had to defend openly in public debate an unsupportable, indefensible plan that their president was promoting and they would have to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes. not a republican or democrat in the house or senate voted for the budget that mr. lew was the architect of. i don't think that speaks well for a man who would take on the great position of treasury secretary. >> greta: president obama said that he had facilitated deals. he says that he has worked with republicans and democrats and president reagan and speaker o'neill and bill clinton and republican congress on the issue of a budget deal. i'm curious whether you agree he has brought two sides together and if so, where has that been at least in the last go-round, at least the last 18 months? >> well
this nomination hearing is going to be the floor about that particular issue just like the debt ceiling. >> well, i think it can be and i think the reason they never brought up a budget is because the democrats would have had to defend openly in public debate an unsupportable, indefensible plan that their president was promoting and they would have to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero...
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not careening from a debt ceiling debacle to a fiscal cliff to some other issue with tax credits that expire every few months and all that kind of stuff so i think somehow the government as a whole has to come together in order to give business the confidence it needs. >> the single most important cost that we need to get under control is health care. which now takes up 17% of gdp and still rises much faster than inflation every year. peter or zag ran president obama's office of management and budget in the first term. he says obama care moves us away from a bad model where doctors and hospital haves a financial incentive to sell you lots of services. getting health care costs down is absolutely fundamental to the long-term fiscal health of the country. >> i think there's several things. i would point to moving much more aggressively away from fever service, even more rapidly. we don't need to wait until 2020. in addition i think the big gap that remains is medical malpractice reform and what i would favor is a safe harbor to a doctor. if you can show you're following an evidence-base
not careening from a debt ceiling debacle to a fiscal cliff to some other issue with tax credits that expire every few months and all that kind of stuff so i think somehow the government as a whole has to come together in order to give business the confidence it needs. >> the single most important cost that we need to get under control is health care. which now takes up 17% of gdp and still rises much faster than inflation every year. peter or zag ran president obama's office of...
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and willing to increase the debt ceiling. however, i think what is going to be a problem from the white house's perspective is that three months. i was speaking with a senior administration official a little earlier today and he sort of reiterated the fact that the president is opposed to this idea of increasing the debt ceiling in these small increments because it creates crises every couple of months. so that could be a potential problem moving forward, but what is significant i think in the eyes of the white house is house speaker john boehner has sort of abandoned this idea to increase the debt ceiling and tie it to dollar to dollar spending cuts. so from their perspective that represents some movement. i have been talking to my republican sources who say they feel confident that this plan to increase the debt ceiling and then to also sort of force congress' hand on the budget in three months is something that could get through both houses. we'll have to see. i expect that all of this debating will sort of be on pause on
and willing to increase the debt ceiling. however, i think what is going to be a problem from the white house's perspective is that three months. i was speaking with a senior administration official a little earlier today and he sort of reiterated the fact that the president is opposed to this idea of increasing the debt ceiling in these small increments because it creates crises every couple of months. so that could be a potential problem moving forward, but what is significant i think in the...
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like the current debt ceiling debate. they feel, some do, that he's been more isolationist and even aggressive towards the other side or, the word i'm looking for, antagonistic. and joining us a michael reagan, chairman of the reagan group. this is not just the president's critics saying it, bob woodward wrote in his book about a president obama who was a distant character, equally cool relationships with politicians and business leaders. those who know him, somebody who worked in the white house, an aide to president obama said that publicly he doesn't call anyone, he's not close to virtually anyone, he really doesn't like people. she later came out and apologized for saying that, but the criticism, he's not getting any deals done in part, not in full, but in part because he doesn't know how to forge relationships with his opponents. your thoughts? >> no, i think you're absolutely right and he's unwilling to do that. he feels empowered by the last election that somehow he's been empowered by the public to do exactly what
like the current debt ceiling debate. they feel, some do, that he's been more isolationist and even aggressive towards the other side or, the word i'm looking for, antagonistic. and joining us a michael reagan, chairman of the reagan group. this is not just the president's critics saying it, bob woodward wrote in his book about a president obama who was a distant character, equally cool relationships with politicians and business leaders. those who know him, somebody who worked in the white...
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it should be challenged but there is a connection, sean, between that issue and the debt issue. this idea nancy pelosi has been advocating and others that the president can ignore the debt ceiling limitations and incur debt. the fact you've got nancy pelosi and other democrats saying this is the way we go with, we have to, showing this is a lot of threats and ignoring constitutional reality of separation of power. from e yek tiff branch. >> saying this is a post constitutional america. this is now, taking executive power to a degree that nobody is taking before without respect to precedent. let's go to the videotape and words of warner wolf, let's listen to your friend president obama on the issue of executive privilege and orders in 2007. >> i think that the issue of executive power and executive privilege is one that is subject to abuse. and... in an obama presidency what you will see will be a sufficient respect fr law and co-equal branches of government. i hope we don't find ourselves in a situation for things being subpoenaed for what everybody acknowledges is trouble infor
it should be challenged but there is a connection, sean, between that issue and the debt issue. this idea nancy pelosi has been advocating and others that the president can ignore the debt ceiling limitations and incur debt. the fact you've got nancy pelosi and other democrats saying this is the way we go with, we have to, showing this is a lot of threats and ignoring constitutional reality of separation of power. from e yek tiff branch. >> saying this is a post constitutional america....
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ceiling is going to be and all of these fiscal issues are going to be. the president clearly has a path towards getting immigration reform. i would argue he might want to partner with a republican, as odd as that sounds, like marco rubio, to get something done in a bipartisan way from the outset. >> gloria, we'll talk more about that in a little bit. we want our viewers to know at the top of the screen, you're looking at the house floor there, and the ceremonies taking place as the representatives are being ushered into the room on the bottom there of the screen. that is on the senate side. we're going to follow this cleese aclose and take a quick break and bring you live coverage of the 113th congress being sworn in. ive hea. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. before you begin an aspirin regimen. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's em
ceiling is going to be and all of these fiscal issues are going to be. the president clearly has a path towards getting immigration reform. i would argue he might want to partner with a republican, as odd as that sounds, like marco rubio, to get something done in a bipartisan way from the outset. >> gloria, we'll talk more about that in a little bit. we want our viewers to know at the top of the screen, you're looking at the house floor there, and the ceremonies taking place as the...
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the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers to live within their moneys and with the money. when you look at 16.4 trillion, they're right, we're not living in our means. and there's a question, stu, you see that number, i think of my kids and think of my children. who is going to pay that number? it's probably not going to be me. >> right. >> megyn: it's probably going to be my kids. >> look, for what is it, 238 years america's had a principle, we sacrifice today for the benefit of our children in the future. you remove that debt ceiling and you totally reversed that financial principle. what you're saying is, we will make our
the and the debt ceiling is a restraint. what the democrats want is a blank check. i'm not sure it's constitutional because congress rules on the issue of money, not the executive branch. so, i'm not sure the constitutionality of it. if you did abolish this debt ceiling, you would pretty soon get yourself a downgrade. these rating agencies would say, your debt is just running away. you're not credit worthy. >> megyn: the debt ceiling is in place, it doesn't seem they trust our lawmakers...
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growth and facing an issue lying the debt ceiling, people are very cautious, they should be. i think this may be a bill d.c. wants to make the person that is on the fencing out and go through the process of buying a home. all i'm suggesting make sure you are prepared and you have the funds in place to do that. >> jamie: understood. thanks so much kyle. >> gregg: chuck hagel is under fire from so many sides as he gets ready for a tough confirmation battle. how much of the criticism is fair? how much is missed? we'll take a closer look with a aaron david miller. >> jamie: we are waiting to hear is lance armstrong prepared to admit to doping. what they are saying about the interviewer with oprah winfrey. >> i try not to let it bother me and keep rolling right on. i know what i know and i know what i did. that is not going to change. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm goi
growth and facing an issue lying the debt ceiling, people are very cautious, they should be. i think this may be a bill d.c. wants to make the person that is on the fencing out and go through the process of buying a home. all i'm suggesting make sure you are prepared and you have the funds in place to do that. >> jamie: understood. thanks so much kyle. >> gregg: chuck hagel is under fire from so many sides as he gets ready for a tough confirmation battle. how much of the criticism...
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we'll be talking about lifting the debt ceiling a number about issues that the administration has to deal with immediately now on questions of spending and size and scope of government that will coincide with these confirmation hearings. there is no question in my mind that republicans are going to focus heavily on those issues with jack lew who has experienced at the office of management and budget before he became chief of staff to the president and wants to be elevated to treasury secretary. that will be the focus. i think they will try to frame him as really the face of the administration's handling of debt and deficits over the first term. bill: simple question in this too, what would you cut? where are your spending cuts? >> yeah. bill: put them on the table. how would you balance the budget? how would you get control of out of control debt? >> exactly. in particular, entitlement spending. we haven't had a proposal from the president, when timothy geithner who would be jack lew's predecessor if in fact confirmed was asked, what would you do on entitlements? he looked at paul ry
we'll be talking about lifting the debt ceiling a number about issues that the administration has to deal with immediately now on questions of spending and size and scope of government that will coincide with these confirmation hearings. there is no question in my mind that republicans are going to focus heavily on those issues with jack lew who has experienced at the office of management and budget before he became chief of staff to the president and wants to be elevated to treasury secretary....
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, the debt ceiling increase, sequesteration, we got to think about growth. how to get the american economy growing, frankly, at about 4% right now to make up for lost time. how to get almost 20 million people who were either not working or discouraged or under employed, how to get them back functioning and productive so this american economy can really lead the world again. those are the things that i think about when these policy questions come up. >> host: twenty minutes left here, talking about top news in syria, debt ceiling, sequesteration, ect.. any limited strike is just stoking the fire when it comes to syria with 1100% retaliation dragging the u.s. in deeper. rick in tennessee, independent caller. what's your thoughts, rick? >> caller: i just wanted to speak on the international law that was roping in the norms and our credibility and stuff like that. you know, like as far as the international law and norms goes, we broke that ourselves are our torture and invading iraq without a reason and, you know, our credibility's shot anyways, you know, so, i
, the debt ceiling increase, sequesteration, we got to think about growth. how to get the american economy growing, frankly, at about 4% right now to make up for lost time. how to get almost 20 million people who were either not working or discouraged or under employed, how to get them back functioning and productive so this american economy can really lead the world again. those are the things that i think about when these policy questions come up. >> host: twenty minutes left here,...
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talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> yes. we're not going to default, per
talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a...
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you've got the budget, debt ceiling, immigration, all of these huge trains stacked up for the next six weeks. part of this is obama throwing the gauntlet down for congress and saying can you be functional, guys? can you do this? not just for this but all of these bills. we've got all of this legislation out there. lets see what we can do. >> we go through all of this, back to the debt ceiling. we'll be back having conversation about familiar partisan lines reasserting them. thank jane, steven from roll call, my old employer and lynn sweet with the chicago sun times. there is one word that haunts the debate over syria. you probably know what it is but i'll explain it next. i'm angela, and i didn't think i could quit smoking but chantix helped me do it. i told my doctor i think i'm... i'm ready. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. i knew that i could smoke for the first 7 days. i knew that i wasn't putting nicotine back into my body to try to quit. [ male announcer ] some people had changes in b
you've got the budget, debt ceiling, immigration, all of these huge trains stacked up for the next six weeks. part of this is obama throwing the gauntlet down for congress and saying can you be functional, guys? can you do this? not just for this but all of these bills. we've got all of this legislation out there. lets see what we can do. >> we go through all of this, back to the debt ceiling. we'll be back having conversation about familiar partisan lines reasserting them. thank jane,...
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january 15th when we have another government shutdown issue and february 7th debt ceiling which probably can be messed with a little bit. in the short term the president's credibility has been challenged. it has been hurt and the argument he'll make to the country that republicans are dead wrong on spending and so forth becomes harder to make and harder to convince every day americans. in the next three months if this thing is not fixed my party and the president faces real issues and challenge not only getting immigration through but other issues. >> immigration is not going through. >> you understand what i'm saying. >> i would have added christmas eve. i like christmas a lot. howard, you are a guy that really believes in this stuff. put back on the cap you had when you ran the dnc. you went down to tallahassee florida, you said we can't be the progressive party of the northeast. we have to worry about other issues. these are killing democrats in the deep south, isn't it? >> democrats are dead in the deep south. >> no. i wouldn't say that to a senator from louisiana or senator from ark
january 15th when we have another government shutdown issue and february 7th debt ceiling which probably can be messed with a little bit. in the short term the president's credibility has been challenged. it has been hurt and the argument he'll make to the country that republicans are dead wrong on spending and so forth becomes harder to make and harder to convince every day americans. in the next three months if this thing is not fixed my party and the president faces real issues and challenge...
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a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without spending cuts. >> the problem is the spending cuts never come. the republicans find themselves in the situation all the time t happened with reagan and bush 41 and with the sequester, it's been put off for two months, the spending cuts never come and we cannot continue down this path with over $16 trillion in debt, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not cong
a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without...
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at the top of the list, the battle over raising the nation's debt ceiling. here's what the senate majority leader mitch mcconnell said about that today. >> in a couple of months, the president will ask us to raise the nation's debt limit. we cannot agree to increase that borrowing limit without agreeing to reforms that lower the of a lampbl of spending that's creating this debt in the first place and in the past few weeks, if the past few weeks have taught us anything at all, that means the president needs to show up early this time. >> i spoke exclusively about all of this with a former white house chief of staff during the clinton administration erskine bowles. he was the co-sponsor of the so-called simpson/bowles plan to deal with debt relief. >> look, we shouldn't negotiate on the full faith and credit of the u.s. government. that is crazy. why would we want to put our u economy through that. we do have a sequester. we do have the end of a continuing resolution. we have lots of things coming up that will force us to make some of these tough decisions. th
at the top of the list, the battle over raising the nation's debt ceiling. here's what the senate majority leader mitch mcconnell said about that today. >> in a couple of months, the president will ask us to raise the nation's debt limit. we cannot agree to increase that borrowing limit without agreeing to reforms that lower the of a lampbl of spending that's creating this debt in the first place and in the past few weeks, if the past few weeks have taught us anything at all, that means...
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ceiling. the house of representatives is back in session today, too, and republicans are just as adamant, insisting they won't raise the debt limit, unless the president goes along with spending cuts. let's go live to cnn white house correspondent brianna keilar. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go t
ceiling. the house of representatives is back in session today, too, and republicans are just as adamant, insisting they won't raise the debt limit, unless the president goes along with spending cuts. let's go live to cnn white house correspondent brianna keilar. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before...
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if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small technical default on a few of our treasury bills. that raised interest rates by over 0.5%. that was a tiny thing, nothing like what we're facing now. we could see a hike if this goes on. >> why is it so much worse this time? >> we've never done it before. it's bad because we borrow so much money. when you look at, for example, $30 billion cash on hand is what the treasury secretary says we have. we have $58 billion of really important bills. those are just the important bills in november. how are we going to pay that? who's going to decide you're going to pay social security but not the chinese, you'll pay for hig
if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small...
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house republicans are planning to handle the anticipated fight over the debt ceiling. anything new on that one? >> basically it's groundhog day. we're going to have another version of this debt ceiling fight that's going to preoccupy the fall. john boehner got on a conference call with republicans yesterday. his message is he's trying to link raising the debt ceiling which republicans don't want to do to the sequester fight. democrats want changes to the sequester in order to get those changes they're going to have to make concessions. >> gene, you wrote on this, right. >> i wrote about the republican effort to defund obama care and how that seems to occupy a lot of the party's time and energy. john, does anybody in washington or the country have a worse job than john boehner? he's always in the middle. he's the guy that's on the hot spot and in the end, he's going to have to find a way through this, right? >> he is. and you know, there's a kind of this fantasy, maybe more democratic fantasy than republican fantasy, but that boehner at some point will say just to hell
house republicans are planning to handle the anticipated fight over the debt ceiling. anything new on that one? >> basically it's groundhog day. we're going to have another version of this debt ceiling fight that's going to preoccupy the fall. john boehner got on a conference call with republicans yesterday. his message is he's trying to link raising the debt ceiling which republicans don't want to do to the sequester fight. democrats want changes to the sequester in order to get those...